Bank of America
Bank of America is a leading global financial institution providing a comprehensive suite of banking, investing, asset management, and risk management services. The company serves a diverse client base ranging from individual consumers and small businesses to large corporations and governments. Its core value proposition centers on delivering 'Responsible Growth' through a scaled, multi-channel delivery model across domestic and international markets.
Financials
Based on Q1 2026 filing
Business Segments
Consumer Banking
primaryProvides a full range of credit, banking, and investment products and services to consumers and small businesses. This segment focuses on everyday financial needs including deposits, spending, and lending solutions.
Checking accounts, Savings accounts, Credit cards, Mortgages, Small business loans
Individual consumers, Small business owners
Global Wealth & Investment Management (GWIM)
majorOffers tailored solutions to meet the needs of high-net-worth and ultra-high-net-worth clients through personalized wealth management and investment strategies. It leverages specialized advisory teams to provide comprehensive financial planning.
Merrill Wealth Management, Bank of America Private Bank, Investment management, Brokerage services, Estate planning
High-net-worth individuals, Ultra-high-net-worth families, Institutional investors
Global Banking
majorProvides a wide range of lending-related products and services, integrated working capital management, and treasury solutions. It also includes investment banking services such as advisory and underwriting.
Commercial loans, Treasury services, Investment banking advisory, Debt and equity underwriting, Working capital solutions
Middle-market companies, Large corporations, Governmental entities
Global Markets
majorOffers sales and trading services, including market-making, to institutional clients across fixed income, credit, currency, commodity, and equity businesses. It also provides risk management and financing services.
Market-making, Securities clearing, Settlement services, Custody services, Derivatives trading
Institutional investors, Hedge funds, Corporate clients
Business Overview
Competitive Position
Bank of America is a global systemically important bank (G-SIB) with a dominant market share in U.S. consumer deposits and a leading global position in investment banking and wealth management.
Geographies
United States, United Kingdom, European Union, Asia-Pacific, Latin America
Customer Segments
Retail consumers, Small businesses, Enterprise corporations, Institutional investors, Government agencies
Upstream Dependencies
Central bank liquidity, Depositor capital, Technology infrastructure providers, Credit rating agencies
Downstream Customers
Retail borrowers, Corporate treasurers, Public sector finance departments, Individual investors
Competitors & Partners
Competitors
Morgan Stanley
MS
Wealth management and capital markets competitor
Goldman Sachs Group
GS
Investment banking and global markets competitor
Wells Fargo & Company
WFC
Major U.S. consumer and commercial banking competitor
Citigroup
C
Global banking and markets competitor
JPMorgan Chase
JPM
Primary diversified banking and investment banking competitor
Capital One Financial
COF
Major competitor in consumer and commercial banking
PNC Financial Services
PNC
National retail and commercial bank competitor
U.S. Bancorp
USB
Competitor in retail banking and payment services.
Truist Financial
TFC
Major national competitor with significant presence in Charlotte headquarters.
Citizens Financial Group
CFG
Major national retail and commercial banking competitor
Regions Financial
RF
Large national competitor with significant overlap in the South and Texas.
First Citizens BancShares
FCNCA
Major competitor in North and South Carolina
Partners
Federal Deposit Insurance Corporation
Provides deposit insurance and regulatory oversight for bank subsidiaries
Zelle
Digital payments network partner
Bank of America FAQ
Common questions about Bank of America
Bank of America is a leading global financial institution providing a comprehensive suite of banking, investing, asset management, and risk management services. The company serves a diverse client base ranging from individual consumers and small businesses to large corporations and governments. Its core value proposition centers on delivering 'Responsible Growth' through a scaled, multi-channel delivery model across domestic and international markets.
Bank of America (BAC) has a market capitalization of $365.40B and trades on NYSE.
Bank of America generated $115.12B in trailing twelve-month revenue with net income of $31.7B, representing a net margin of 27.6%. These figures are based on the Q1 2026 filing.
Bank of America's key competitors include Morgan Stanley, Goldman Sachs Group, Inc., Wells Fargo & Company, and others. These companies compete in similar markets and product categories.
Bank of America has approximately 212,000 employees.